India's gross domestic product (GDP) for the third-quarter has cooled down to 7.8% under the new base year from 8.4% in the previous quarter, according to data released by the Ministry of Statistics & Programme Implementation (MoSPI) today. This is the first series after the government revised the base year to 2022–23, from the previous series 2011–12.
India’s Q3 GDP Slows to 7.8% in First Print Under New 2022–23 Base Year
The growth rate in Real GDP during FY26 is estimated at 7.6% as compared to 7.1 % in FY25 and 7.2% in FY26
GDP Shutterstock
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The growth rate in Real GDP during FY26 is estimated at 7.6% as compared to 7.1 % in FY25 and 7.2% in FY26.
The manufacturing sector has been the major driver in contributing to the resilient performance of the economy in the consecutive three financial years after rebasing.
[This is a developing story]